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Trading in a bearish trend currently under formation This trend is suffering from weakness due to failure to break the first support area at 6838 zones on the 4 hour interval.
And the technical indicators in the position confirms the weakness of the current trend. The index (ADX) confirms the weakness of the current bearish trend. The simple moving average 20 and the simple moving average 10 fast signal neutral because of the lack of confirmation of the passive capture that occurred during trading and yesterday.

Hello everyone and great success in the trade! According to my indicators for a pair of such a layout. The long-term trend is now downward - the price is below the slow motion (162 EMA). The medium-term trend is now also downward - the price is below the speed limit (34 EMA). The stochastic (with parameters 20, 3, 8) is in a descending state. By all the rules of the trade, you should expect a continuation of the downward trend and keep selling. The goal is logical to determine at 0.6755. The second farther target is 0.6703.

The NZDUSD is showing further decline to break the 0.6745 level and settle below it which supports our continuation of the bearish trend for the rest of the day and the way ahead to achieve our next target at 0.6654, while reiterating the importance of stability below 0.6910 for the continuation of the suggested bearish wave.

The NZDUSD is showing further decline to break the 0.6795 level and is now stabilizing below it, which supports our continuation of the bearish trend for the rest of the day, and the path is open to achieving our next target at 0.6654, while reiterating the importance of stability below 0.6910 for the continuation of the suggested bearish wave.

A pair of NZD USD was able to fall to the support level of 0.6800 and today prices are trading slightly above this level and, as prices close from this level in that direction, the pair will move on, so when closing prices above 0.6800, the pair will be able to show growth to the resistance level of 0.6860, and at the close of prices below 0.6800, prices will fall to the support level of 0.6750 approximately on the chart.

The NZDUSD is now trading positively above 0.6795, and the price may move to test SMA 50 before returning to the downside again.
As long as the price is below 0.6910, the downside scenario will remain valid for the coming period, supported by Stochastic's gradual loss of positive momentum, with our main target expected to reach 0.6684.

According to the New Zealander, today they have taken all the growth goals and it seems that the north is not yet finished. It would be necessary to finish another 0.69 mark and then you can go to the rollback. Up to this point there is no salary to sell, and the pressure of the bulls is very good. The level of 0.69 must be carefully monitored, since if we overcome it, then further 0.70. Well, if the release, then back to his beloved lately mark 0.68 back.

The NZDUSD is showing further upside above and above SMA 50 on its way to a potential test of 0.6910 pivotal resistance, noting that Stochastic is showing a large oversold bias awaiting the price to resume the bearishness which depends on stability below the mentioned resistance , While its main targets start to break the 0.6795 level to confirm a rally towards 0.6694.

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